Archive for December 17th, 2009

French trading probe clears EADS executives

F rance’s market regulator cleared Airbus SAS parent EADS NV and several current and former bosses over charges of insider trading and misleading markets, winding up a probe that has cast a shadow over the group. The probe was triggered after EADS suffered a dramatic fall in its share price in June, 2006, when it announced worsening delays in deliveries of its A380 super-jumbo. The AMF regulator Thursday also formally cleared German car maker Daimler AG and French media group Lagardčre SCA, both of whom are key EADS shareholders.

RIM profit surges

R esearch In Motion Ltd. RIM-T reported a sharp increase in quarterly profits, beating analyst estimates for its latest quarter.

RIM profit surges, beats forecasts

A fter lowering expectations, Research in Motion Ltd. RIM-T has beaten them.

AIG wins first round in lawsuit filed by financial planner

A judge in Los Angeles Superior Court pushed back a lawsuit against AIG from a financial planner who once worked for an AIG broker-dealer. Linda M. Harris, president of Independent Financial Group Inc., sued American International Group Inc., along with a large number of subsidiaries and executives, as well as accounting firm PricewaterhouseCoopers LLP.

Wells Fargo Advisors’ exec headed for ING

Lynne Ford will join ING Financial Solutions, the revamped annuity and rollover business of ING Groep NV, as chief executive, starting in mid-January. Ms. Ford is currently executive vice president and managing director of the retail retirement group at Wells Fargo & Co., where she oversees the sales, marketing and product management for individual retirement accounts and annuities.

Moynihan pick goes over big with Merrill brokers

There was a genuine sense of excitement among the ranks at Merrill Lynch & Co. Inc.

Careful with household debt: Carney

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